Houston-based Riverbend Energy Group said last month it made recent acquisitions in Permian and Williston basins to rebuild its traditional non-operated energy strategy following its exit in 2022. Riverbend’s most recent acquisition announced June 19 was a “sizeable non-operated working interest in the core of the Williston Basin.” The company said the acquisitions provide “a high quality, free cash flow positive non-operated asset base in both the Willison and Permian basins underpinned by top-tier operations in the most active oil-producing basins in the U.S.”
Riverbend continues to manage and grow its active traditional energy strategies that target Midland Basin operated properties and mineral and royalty interests across leading oil-producing shale plays. Randy Newcomer, Jr., CEO, said, “We are excited and firmly believe in the market trends that support Riverbend’s traditional energy investment thesis.”